By Mike Colpitts Home prices fell nearly an average of 5% last year as a result of a troubled U.S. economy, decaying consumer sentiment, high unemployment and a foreclosure crisis that is running out of control, according to real estate research firm Core Logic. The company’s December Home Price Index showed an average 4.7% decline… Continue reading Home Prices Fall Almost 5% in 2011
Feds Reach Mortgage Deal with 49 States
By Mike Colpitts The U.S. government and 49 states attorneys general have reached a landmark $25-billion agreement over the robo-signing scandal with the country’s largest five banks. The unprecedented deal closes a chapter in the nation’s foreclosure crisis, which has cost millions of homeowners their homes. The agreement offers financial relief to some homeowners caught… Continue reading Feds Reach Mortgage Deal with 49 States
2012 Delaware Housing Market
Occupy Wall Street protestors in one Delaware community are so upset with the massive foreclosure crisis that they are disrupting sheriff foreclosure auction sales. The Occupy Delaware protestors stood as the sale was about to start at a New Castle County sheriff’s sale and read a prepared statement demanding a halt to the home sales… Continue reading 2012 Delaware Housing Market
2012 Virginia Housing Market
What seemed like rock bottom home prices Virginia homes were getting are projected to slip further as the region encounters greater economic turmoil recovering from the real estate collapse. The housing market in most of Virginia seemed as though it was on the mend, but an uptick in foreclosures is troubling the region and sending… Continue reading 2012 Virginia Housing Market
2012 Maryland Housing Market
A busier housing market is developing in Maryland as home buyers shopping for deals pour out to find discounted properties. After years of decline, housing markets throughout most of the state are signaling signs of improvement even though better signs are from foreclosure sales and bank assisted short sales, which make up half of all… Continue reading 2012 Maryland Housing Market
2012 Louisiana Housing Market
It’s been six long years that the people in Louisiana have been battling to recover from Hurricane Katrina, and it finally looks as though the Louisiana housing market is making a turn for the better. Home sales are moving higher and home prices in many areas of the state are on an up-swing. Sales shot… Continue reading 2012 Louisiana Housing Market
2012 Kansas Housing Market
Pushed by an historic spike in farm profits as U.S. farmers enjoy “the best of times” in decades, Kansas home sales are increasing, and prices on homes throughout the state are also rising. The demand for existing homes is growing as lower home prices coupled with close to record low mortgage rates combine to heal… Continue reading 2012 Kansas Housing Market
2012 Pennsylvania Housing Market
Strong home sales and lower average home prices are driving the Pennsylvania housing market out of its modest downturn, with appreciation forecast to develop in most of the state by the end of the year. The Pennsylvania housing market has seen little change in many regions of the state compared to other areas of the… Continue reading 2012 Pennsylvania Housing Market
2012 Ohio Housing Market
Homes are selling for less than they did a decade ago in many places in Ohio as the tough economy, weak demand and high unemployment trouble the region. But home prices aren’t falling as much as they have been in Ohio and aren’t forecast to decline as much in 2012. The federal home buyers’ tax… Continue reading 2012 Ohio Housing Market
2012 Massachusetts Housing Market
Mortgage holders who took out home loans at the height of the housing market are quietly walking away from homes in growing numbers in Massachusetts as the foreclosure crisis shifts into high gear. The crippling impact of foreclosures has affected few neighborhoods as severely in Boston like others in the U.S., but is projected to… Continue reading 2012 Massachusetts Housing Market